Wealth Systems: Options, Part II
Wall Street's Biggest Open Secret
Nothing in life is compulsory, but I suggest enjoying Part I first here:
The arc of this series is:
explain what Options are
explore what avenues for wealth building they provide
design income producing strategies and integrate them into a Wealth Engine — a subset of a broader Wealth System
In Part I we walked through Calls, Puts, Strike Prices, Expiration Dates and concepts downstream of those such as In-The-Money and Out-Of-The-Money.
Once we cleared vocabulary we explored the very basic mechanics of Options trading.
Part II will broaden and deepen those trading mechanics and explore the economics of various strategies.
This section we will begin discussing Option Selling vs Option Buying before exploring it much further in the Part III finale.
Trading Options Like a Professional
Recall that buying a call option gives you the right to purchase a stock at a …